subject
Business, 23.10.2019 17:00 20alyssityh224

Monroe minerals company purchased a copper mine for $120,000,000. the mine was expected to produce 50,000 tons of copper over its useful life. during year 1, the company extracted 6,000 tons of copper. the copper was sold for $4,500 per ton. assume that the company incurred $8,040,000 in operating expenses during year 1. based on this information, how much net income would monroe report in year 1?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:30
What is the relationship among market segmentation, target markts, and consumer profiles?
Answers: 2
question
Business, 22.06.2019 20:00
Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396
Answers: 3
question
Business, 23.06.2019 19:30
You are offered a free ticket to see the chicago cubs play the chicago white sox at wrigley field. assume the ticket has no resale value. willie nelson is performing on the same night, and his concert is your next-best alternative activity. tickets to see willie nelson cost $40. on any given day, you would be willing to pay up to $50 to see and hear willie nelson perform. assume there are no other costs of seeing either event. based on this information, at a minimum, how much would you have to value seeing the cubs play the white sox to accept the ticket and go to the game? a. $0b. $40c. $10d. $50
Answers: 1
question
Business, 23.06.2019 19:30
How might a recent college graduate's investment portfolio differ from someone who is near retirement
Answers: 1
You know the right answer?
Monroe minerals company purchased a copper mine for $120,000,000. the mine was expected to produce 5...
Questions
Questions on the website: 13722360